For a small scale industry, the fixed cost per month is Rs. 5000. The variable cost per product is Rs. 20 and sales price is Rs. 30 per piece. The break even production per month will be
300
460
500
1000
Correct Answer :
C. 500
Related Questions
Gantt charts provide information about
Breakeven point analysis
Production schedule
Material handling layout
Determining selling price
The type of organisation preferred for a steel industry, is
Line organisation
Functional organisation
Line and staff organisation
Line, staff and functional organisation
CPM requires
Single time estimate
Double time estimate
Triple time estimate
None of these
PERT
Provides an approach for keeping planning up-to-date
Provides a way for management to require that planning be done on a uniform and logical basis
Permits management to foresee quickly the impact of variations from the plan
All of the above
Halsey plan of wage incentive
Is not applied to all level of workers
Is applied to all level of workers
Does not guarantee minimum wage
Is based upon efficiency of worker
Which of the following layouts is suited for mass production?
Process layout
Product layout
Fixed position layout
Plant layout
Bar charts are suitable for
Minor works
Major works
Large projects
All of the above
Break-even analysis consists of
Fixed expenses
Variable cost
Sales revenue
All of these
For handling materials during manufacture of cement, a _________ is widely used.
Belt conveyor
Bucket conveyor
Fork lift truck
Overhead crane
Direct expenses include
Factory expenses
Selling expenses
Administrative expenses
None of these
The objective of time study is to determine the time required to complete a job by
Fast worker
Average worker
Slow worker
New entrant
The time by which the activity completion time can be delayed without affecting the start of succeeding activities, is known as
Duration
Total float
Free float
Interfering float
In which of the following layouts, the lines need to the balanced
Process layout
Product layout
Fixed position layout
Plant layout
An optimum project schedule implies
Optimum utilization of men, machines and materials
Lowest possible cost and shortest possible time for project
Timely execution of project
To produce best results under given constraints
The process layout is best suited where
Specialisation exists
Machines are arranged according to sequence of operation
Few number of non-standardised units is to be produced
Mass production is envisaged
The main advantage of line organisation is its
Effective command and control
Defined responsibilities at all levels
Rigid discipline in the organisation
All of the above
Pick up the correct statement. Dummy activity on a PERT/CPM chart means, it
Consumes time, but no resources
Consumes resources but no time
Consumes neither time nor resources
Is a dangling event
The procedure of modifying work content to give more meaning and enjoyment to the job by involving employees in planning, organisation and control of their work, is termed as
Job enlargement
Job enrichment
Job rotation
Job evaluation
According to Rowan plan of wage incentive system, bonus is paid to a worker
Whose output exceeds 67% efficiency
On the percentage of time saved
On the percentage of time worked
On the percentage of standard time
Valve analysis is particularly of interest when
Jobbing work economics are involved
Production is on large scale
Only few components are involved
Costly equipment is used
Works cost implies
Primary cost
Factory cost
Factory expenses
Primary cost + factory expenses
The amount deducted from the salary of workers towards employees provident fund is
Credited into reserves of company
Deposited in nationalised bank
Deposited in post office
Deposited in the account of worker with Provident Fund Commissioner
The process capability of a machine is defined as the capability of the machine to
Produces a definite volume of work per minute
Perform definite number of operations
Produce job at a definite spectrum of speed
Holds a definite spectrum of tolerance and surface finish
A CPM family includes
CPA (Critical Path Analysis)
CPP (Critical Path Plotted)
CPS (Critical Path Scheduling)
All of the above
When slack of an activity is positive
It represents a situation where extra resources are available and the completion of project is not delayed
It represents that a programme falls behind schedule and additional resources are required to complete the project in time
The activity is critical and any delay in its performance will delay the completion of whole project
Any one of the above
Standing orders which are statutory are applicable to
All industries
All process industries and thermal power plants
Only major industries
All industries employing more than 100 workers
Break-even analysis shows profit when
Sales revenue > total cost
Sales revenue = total cost
Sales revenue < total cost
Variable cost < fixed cost
In process layout
Handling and backtracking of materials is too much
Production control is more difficult and costly
Routing and scheduling is more difficult
All of the above
Current assets include
Manufacturing plant
Manufacturing plant and equipment
Inventories
Common stock held by the firm
Percent idle time for men or machines is found by
Work sampling
Time study
Method study
Work study